First Investment Bank announced that it has named Nedelcho Nedelchev to serve as CEO and named its chief compliance officer, Svetozar Popov, to the post of chief risk officer. Nedelchev replaces Vassil Christov, who will become chief retail banking officer and focus on implementing the bank's strategy to grow its business with respect to retail and small and medium-sized businesses. The bank also named Svetozar Popov, its chief compliance officer, to replace Dimitar Kostov as chief risk officer.